Capital Gain

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....apital Gain<br> Query (Issue) Started By: - Siddharth Singh Dated:- 9-1-2013 Last Reply Date:- 21-3-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>A NRI is holding shares in Indian (Private) Company ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for more than 12 months. Now he wants to transfer 50% of his holding to his NRI wife. The same could be for consideration or by way of gift. My query is whether the NRI required to pay any tax in Indi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a if he gets any capital gain from the above if he (i) trasnfers it for consideration or (ii) transfer as gift . Also will he be required to file his tax return in India. Thanks Reply By Rama Krish....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ana: The Reply: As per the provisions of Section 56 of the Income Tax, a Gift from husband to wife or wife to husband is not taxable.<br> Discussion Forum - Knowledge Sharing ....